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No Timeline From Government For Selling IDBI Stake: LIC Chairman

No Timeline From Government For Selling IDBI Stake: LIC Chairman

LIC owns 49.2 per cent of the lender and the government and public own the remaining shareholdings in the bank which was on the verge of collapse before it was forced into the control of LIC weighed by a third of its loans turning dud

13 August 2022
Telangana Government Launches Life Insurance Scheme For Weavers

Telangana Government Launches Life Insurance Scheme For Weavers

The Telangana government on Sunday launched ‘Nethanna Bima,’ a life insurance scheme for handloom and power loom weavers, marking National Handloom Day.

07 August 2022

All You Need To Know About LIC Bima Jyoti Insurance Plan

Launched in December 2021, the LIC Bima Jyoti Insurance plan is a non-linked, non-participating, individual, life assurance savings plan that provides...

Stock Market Crash: Top 10 Firms Lose Rs 3.91 Lakh Crore In Market Capitalization

Stock Market Crash: Top 10 Firms Lose Rs 3.91 Lakh Crore In Market Capitalization

Past week, the BSE Sensex plunged 2,943.02 points or 5.42 per cent, while the NSE Nifty declined 908.30 points or 5.61 per cent.

19 June 2022

LIC Shares Tumble Nearly 6%; Down Over 29% From Issue Price

The stock tanked 5.85 per cent to settle at Rs 668.20 apiece on the BSE. During the day, it plunged 6 per cent to Rs 666.90

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31 May 2022
LIC Profit Drops 17% At Rs 2,409 Crore In March Quarter

LIC Profit Drops 17% At Rs 2,409 Crore In March Quarter

The total income of the insurer during the March quarter increased to Rs 2,12,230.41 crore, from Rs 1,90,098 crore in the same period of the previous fiscal.


17 May 2022
LIC Becomes Fifth Most Valued Company With Mcap Of Rs 5.54 Lakh Crore

LIC Becomes Fifth Most Valued Company With Mcap Of Rs 5.54 Lakh Crore

Shares of LIC closed at Rs 875.45, down Rs 73.55 or 7.75 per cent over the issue price, on the BSE. At this price, LIC is valued at nearly Rs 5.54 lakh crore....


09 May 2022
LIC IPO Shares To Be Allocated To Bidders On May 12

LIC IPO Shares To Be Allocated To Bidders On May 12

LIC's IPO was subscribed 2.95 times on the last day of the offer period on Monday, helping the government mobilize about Rs 21,000 crore.


09 May 2022
LIC IPO Subscribed Nearly 3 Times On Last Day; Government Raises Rs 21,000 Crore

LIC IPO Subscribed Nearly 3 Times On Last Day; Government Raises Rs 21,000 Crore

Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm.


09 May 2022
LIC IPO: QIB Portion Fully Subscribed On Day 5, Offer Closes Today

LIC IPO: QIB Portion Fully Subscribed On Day 5, Offer Closes Today

With the public offer which closes later in the day, the government aims to generate about Rs 21,000 crore by diluting a 3.5 per cent stake in the insurance...


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06 May 2022
LIC IPO: Retail Portion Fully Subscribed On Day 3

LIC IPO: Retail Portion Fully Subscribed On Day 3

Subscription for the non-institutional investors' segment stood at 76 per cent, while that for QIBs' portion was lower at 56 per cent.


04 May 2022
LIC IPO Subscribed 64% On Day 1; Policyholders, Employees Portions Oversubscribed

LIC IPO Subscribed 64% On Day 1; Policyholders, Employees Portions Oversubscribed

Portions set aside for Non Institutional Investors and Qualified Institutional Buyers (QIBs) also got subscribed 26 per cent and 33 per cent each...


04 May 2022
LIC IPO Subscribed 0.29 Times Till Noon

LIC IPO Subscribed 0.29 Times Till Noon

Of the total, the policyholder portion was subscribed fully while the reserved employees' portion was subscribed 0.49 times, as per the data on stock...


02 May 2022
LIC IPO Sees 'Excellent' Response From Anchor Investors

LIC IPO Sees 'Excellent' Response From Anchor Investors

The government is selling 22,13,74,920 shares in Life Insurance Corporation (LIC) at a price band of Rs 902-949 a share, targeting to raise about Rs 21,000...


01 May 2022
Keen To Retain Some Stake In IDBI Bank For Bancassurance Gains: LIC Chairman

Keen To Retain Some Stake In IDBI Bank For Bancassurance Gains: LIC Chairman

IDBI Bank became a subsidiary of LIC with effect from January 21, 2019, following the acquisition of an additional 82,75,90,885 equity shares.


29 April 2022
IPO Price Attractive; Lot Of Growth Potential: LIC Chairman

IPO Price Attractive; Lot Of Growth Potential: LIC Chairman

Even after the reduced size of about Rs 20,557 crore, LIC IPO is going to be the biggest initial public offering ever in the country.


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29 April 2022
Finance Ministry, Sebi To Take Call On Relaxation In LIC Meeting Minimum Public Holding Norm: DIPAM Secretary

Finance Ministry, Sebi To Take Call On Relaxation In LIC Meeting Minimum Public Holding Norm: DIPAM Secretary

The government expects to raise around Rs 21,000 crore from LIC IPO, which values the state-owned insurer at Rs 6 lakh crore.


28 April 2022
6.48 Crore Policyholders Keen To Buy LIC IPO: Official

6.48 Crore Policyholders Keen To Buy LIC IPO: Official

The LIC has set a price band of Rs 902-Rs 949 per equity share. The government intends to raise Rs 21,000 crore through the issue.


27 April 2022
LIC To List On Stock Exchanges On May 17

LIC To List On Stock Exchanges On May 17

The government is selling over 22.13 crore shares in LIC at a price band of Rs 902-949 a piece in the initial public offering, which opens on May 4 and closes...


27 April 2022
LIC Sets Price Band At Rs 902-949 Per Share For Rs 21,000 Crore IPO, Opens May 4

LIC Sets Price Band At Rs 902-949 Per Share For Rs 21,000 Crore IPO, Opens May 4

With this IPO, which is through an offer-for-sale (OFS) route, the government is looking to divest its 3.5 per cent stake in the state-run insurer by selling...


26 April 2022
LIC's IPO Price Band To Be Between Rs 902 And Rs 949 Per Share

LIC's IPO Price Band To Be Between Rs 902 And Rs 949 Per Share

The issue is likely to open for subscription on May 4 and is expected to close on May 9.


22 April 2022
Government May Cut LIC IPO Size By 40% To Rs 30,000 Crore Amidst Russia-Ukraine War: Report

Government May Cut LIC IPO Size By 40% To Rs 30,000 Crore Amidst Russia-Ukraine War: Report

Touted as India’s biggest IPO, the government was earlier planning to sell its 5 per cent stake in LIC to raise Rs 63,000 crore.


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